Vivek Ramaswamy has sold $33 million worth of shares in Roivant Sciences, the biotech company he founded

Vivek Ramaswamy has sold $33 million worth of shares in Roivant Sciences, the biotech company he founded, per Axios>

Ramaswamy intends to use some proceeds for a “significant investment” in his campaign, a spokesperson told Axios. The Iowa Republican caucuses are set to begin in less than two weeks.   

Ramaswamy last sold $31.8 million worth of Roivant shares in February. He entered the presidential race around the same time. 

Roivant was founded in 2014 and went public in 2021 via a special purpose acquisition company. Ramaswamy also co-founded the financial firm Strive Asset Management to compete with BlackRock Inc. and “woke” investment practices.